LK(SH:600388)2022-04-29 16:00Financial Performance - The company's operating revenue for 2021 was CNY 11,296,737,387.04, representing a 10.96% increase compared to CNY 10,180,764,557.17 in 2020[22]. - The net profit attributable to shareholders for 2021 was CNY 860,348,555.40, which is a 22.42% increase from CNY 702,788,631.29 in 2020[22]. - The net profit after deducting non-recurring gains and losses was CNY 696,370,706.09, showing a significant increase of 43.53% compared to CNY 485,158,731.32 in 2020[22]. - Basic earnings per share increased by 21.21% to CNY 0.80 in 2021 compared to CNY 0.66 in 2020[25]. - Diluted earnings per share rose by 19.67% to CNY 0.73 in 2021 from CNY 0.61 in 2020[25]. - The company achieved operating revenue of 11.30 billion RMB, a year-on-year increase of 10.96%[92]. - Net profit attributable to the parent company reached 860 million RMB, with net cash flow from operating activities at 1.21 billion RMB, reflecting stable operations[92][93]. - Total assets increased to 26.95 billion RMB, and net assets reached 6.89 billion RMB, marking a new high for the company[92]. Cash Flow and Assets - The net cash flow from operating activities decreased by 42.03% to CNY 1,213,764,912.23 from CNY 2,093,804,841.49 in 2020[22]. - The total assets at the end of 2021 were CNY 26,909,559,947.41, an increase of 7.08% from CNY 25,130,454,747.55 at the end of 2020[22]. - The net assets attributable to shareholders increased by 11.15% to CNY 6,887,767,299.21 from CNY 6,196,900,542.16 at the end of 2020[22]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 2.5 per 10 shares for the 2021 fiscal year[6]. - The board has approved a dividend payout of 1 billion RMB, representing a 10% increase from the previous year[168]. Risk Management - There are no significant risks reported that could affect the company's operations[10]. - The company has detailed its future development risks in the board report, indicating a proactive approach to risk management[7]. Technological Advancements and R&D - The company has actively pursued new qualifications and certifications, enhancing its brand value and overall strength[34]. - The company completed the development and application of several key technologies, including low-temperature industrial flue gas denitrification catalysts and AI-based high-pressure control systems[45]. - The total R&D expenditure was ¥494,297,173.49, representing 4.38% of operating revenue, with no capitalized R&D expenses[108]. - The company is investing 500 million RMB in research and development for innovative solutions in environmental protection[168]. Market Position and Expansion - The company is the largest manufacturer of air pollution control equipment globally, maintaining the industry's leading position for over a decade with advanced technology and high-quality solutions[56]. - The company is actively expanding its business in the new energy sector, focusing on ammonia-hydrogen energy technology and related projects[62]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2025[168]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 500 million RMB allocated for potential deals[171]. Environmental Commitment - The company aims to become a globally competitive ecological and environmental technology enterprise, aligning with national carbon neutrality goals[33]. - The company is committed to achieving dual carbon goals, focusing on pollution reduction and ecological protection as part of its strategic initiatives[119]. - The company is focusing on strategic acquisitions to enhance its market position[163]. Governance and Management - The company maintains independence from its controlling shareholder, ensuring no interference in operational activities and protecting minority shareholders' interests[152]. - The board of directors operates in accordance with established rules, with various committees providing professional insights for decision-making[149]. - The company has established a robust internal control system, revising its internal control manual to enhance governance[152]. Employee and Organizational Structure - The total number of employees in the parent company is 2,760, while the main subsidiaries employ 4,957, resulting in a total of 7,717 employees[196]. - The professional composition includes 3,103 production personnel, 660 sales personnel, 2,592 technical personnel, 203 financial personnel, and 1,159 administrative personnel[196]. - The company has a total of 12,200 shares held by supervisor Liao Wei at the end of the reporting period[161]. Future Outlook - The company provided a future outlook with a revenue guidance of 12 billion RMB for the next fiscal year, indicating a growth target of 20%[168]. - The company plans to implement a new marketing strategy that is expected to increase brand awareness by 40%[171]. - The company has set ambitious performance targets for the upcoming fiscal year[163].